Gate.io Blog TRUMP Token Surpasses $80 Billion Market Capitalization, Overtakes DOGE as King of Meme Coins

TRUMP Token Surpasses $80 Billion Market Capitalization, Overtakes DOGE as King of Meme Coins

19 January 17:39

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## Trade TRUMP Tokens: <a href="https://www.gate.io/zh/pilot/solana/official-trump-trump2" target="_blank" title="">https://www.gate.io/zh/pilot/solana/official-trump-trump2</a>

At 10 a.m. on January 18, 2025 Beijing time, Trump announced the launch of his official personal meme coin TRUMP on Truth Social, and users can purchase the token by visiting the 'gettrumpmemes' website. The news greatly stimulated the cryptocurrency community, and TRUMP's market capitalization soared to about 700 million US dollars in less than 30 minutes.

Subsequently, Trump's official Twitter account also retweeted the news, pushing the TRUMP token's market capitalization to exceed 30 billion US dollars on the same evening. As of the time of writing, the highest price of the TRUMP token on the Gate.io platform reached 81 US dollars, with a total circulation market capitalization of 81 billion US dollars and a 24-hour increase of 210%.

![](https://gimg2.gateimg.com/image/article/1737279429GhlPNgwXgAA9BUd.jpeg)

According to the official introduction, the creation of TRUMP is intended to support a unique understanding of the TRUMP brand and art, rather than as an investment tool. The issuance of TRUMP tokens is jointly planned by CIC Digital LLC of the Trump Group and Fighter Fight LLC. The issuance of TRUMP tokens adopts the LFG technology stack in cooperation with Jupiter, and it is expected that the remaining 8 billion TRUMP tokens will be unlocked within three years.

According to on-chain data, the initial SOL funding for developing TRUMP tokens comes from the Gate.io platform. With the explosive growth of the token, Gate.io also announced the opening of TRUMP token spot and perpetual contract trading, providing up to 50 times leverage.

![](https://gimg2.gateimg.com/image/article/1737279444screenshot-20250119-172403.png)

## Community perspectives

Prominent KOL Arthur Hayes in the crypto community posted on X, indicating that Trump's launch of a token is the beginning of a political memecoin. Any politician who is not afraid to understand the public's thoughts in real-time will launch their own memecoin. Token economics is false, but the total circulating market capitalization of TRUMP token is heading towards $100 billion.

Meanwhile, X analyst Haotian said that this is a phenomenal event that short-termly sucks the existing assets on the chain, but in the long run, it is actually a great positive development. The profit-making effect of super MEME is really strong, after all, MEME is easy to understand, with low barriers to entry, and can quickly educate the market, attract new users and funds to enter the chain market. The prosperous industry of the chain market cannot do without the existence of MEME. But MEME is only a catalyst, not the entire market. TRUMP can become the king of MEME, and what has created all this is the deterministic opportunity of the US president's coin issuance, which fundamentally differs from most MEMEs in the market.

Despite TRUMP's strong price performance, which has attracted widespread attention and received some positive reviews, there are still many criticisms. For example, Qiao Wang, the founder of Alliance DAO, criticized the project for concentrating 80% of the supply in the hands of internal personnel, which he believes violates the principle of decentralization and may be considered fraudulent.

## Future Outlook

The TRUMP token is not just a cryptocurrency, it is also deeply tied to Trump's personal brand and political image. In the long run, if Trump continues to promote the TRUMP token on social media, it may surpass being just an investment tool and become a political symbol and cultural phenomenon.

Only 20% of TRUMP tokens are currently in circulation, with the remaining 80% locked in the official multi-signature address. These tokens will continue to be unlocked and enter the market over the next three years. The current market capitalization of TRUMP tokens in circulation is $13.5 billion, ranking 15th in the overall market. At the same time, the total market capitalization of TRUMP tokens is $67.5 billion, which has surpassed DOGE and become the highest market capitalization meme currency in the <a href="/price" target="_blank" class="blog_inner_link">cryptocurrency market</a>.

![](https://gimg2.gateimg.com/image/article/173727934824fab37e-637d-4491-963f-820f5b2bc6b5.png)

It is worth noting that the top five holding addresses of TRUMP tokens are all transferred from Dev addresses, and the community believes that there is a high possibility of official control of these tokens. Currently, these five addresses collectively hold 86.6% of the total tokens. This means that less than 15% of TRUMP tokens are in circulation in the market.

TRUMP/USDT + 2.82%

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TRUMP Token Surpasses $80 Billion Market Capitalization, Overtakes DOGE as King of Meme Coins

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